Verity Commercial, a Washington, DC metro-based national multidisciplinary development and construction management, brokerage, and investment firm, announced the sale of 2 properties totaling over 40,000 of square feet located in Vienna, Virginia –a shopping center known as the Ayr Hill Center and an office building known as 374 Maple Avenue, East. Barbara Bechtle and Ellie Bechtle of Verity represented the seller on both transactions. Ken Traenkle of Verity represented the buyer on 374 Maple Avenue and the Petrus Group represented the buyer on Ayr Hill Center.
Ayr Hill Center is a mixed-use center consisting of about 21,800-sf of retail and apartments on 1.12 acres of land located in the heart of Vienna. The walkable center connects retail tenants such as Rita’s Italian Ice & Frozen Custard, Vienna Wine Outlet, Bards Alley Bookshop, Nations Blinds, Vienna Jewelry, Royal Nepal, Vienna Bikes and Terra Christa. There are 3 upscale apartments on the second level.
374 Maple Avenue, East is a 3-story building on the Tyson’s side of Vienna consisting of about 20,100-sf of office space. The main tenant is United Bank who leases the entire first floor with a drive-through. It’s surrounded by many amenities and restaurants and located along Vienna’s busy commuter route.
“It takes more than setting the right price for your commercial real estate investment, said Barbara Bechtle, the Verity Commercial real estate broker that represented the seller in both deals. With over 25 years of diversified commercial real estate brokerage experience, Barbara has long term relationships with many owners in Vienna. Barbara continued, “basically, it comes down to analyzing off-market data to identify likely buyers and connecting with them. We know the Vienna market well and with long-standing relationships in the industry, we are constantly monitoring real estate opportunities, allowing us to uncover promising buyers or sellers before the competition ever sees them.”
Verity wishes to congratulate both the seller and buyer for a successful transaction on both closings.
Founded in 2010, Verity Commercial is a Washington, DC metro-based national multidisciplinary firm that approaches the commercial real estate industry in three ways: development and construction services, brokerage and real estate investments. Our breadth of expertise gives clients more options and the perspective to make better decisions. Our fast-growing construction management practice focuses on three core industries: data center/ mission critical, life science and mixed-use projects. Our brokerage practice is geared toward clients that require strategic thinking along with transactional results. And our investment practice combines our market knowledge, strategic thinking and technical expertise to help real estate investors build a successful portfolio.
Verity is a 5-time Inc. 5000 firm, one of the fastest growing firms in Virginia and in the DC Metro area, and Great Place to Work-Certified™. Verity is recognized as Northern Virginia Technology Council (NVTC) Data Center Vendor Champion, Reston Cornerstones Philanthropist of the Year Finalist, Greater Reston Business of the Year, and Dulles COVID Business Champion Nominee.